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the wider eu avoided the same fate thanks mostly to last summer's olympics boost. >>> back on the street yesterday, selling picked up after president obama's media briefing about the upcoming tax cut negotiates. and today we'll see what impact the fed has. chief ben bernanke speaks this afternoon. >>> also on deck, before the bell earnings from walmart and target. retail sales dropped in october after three months of gains. later today, bp is expected to announce it will pay the largest penalty in history to settle criminal and other claims from the 2010 gulf oil disaster. >>> new york state's attorney general has subpoenaed documents related to sandy related prep and procedure from both con-edison and long island power authority. >>> the fda says over the past four years five-hour energy shots have been cited in the deaths of 13 people. this after last month's news tying monster energy drinks to five fatalities. >>> pizza chain poppa johns is under fire after allegedly sending hundreds of thousands of unsolicited text messages to his customers. plaintiffs are seeking $250 million in a c
the wider eu avoided the same fate thanks mostly to last summer's olympics boost. >>> back on the street yesterday, selling picked up after president obama's media briefing about the upcoming tax cut negotiates. and today we'll see what impact the fed has. chief ben bernanke speaks this afternoon. >>> also on deck, before the bell earnings from walmart and target. retail sales dropped in october after three months of gains. later today, bp is expected to announce it will pay...
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thanks for watching. absence of arrogance. president obama continued his fight for the middle class today and hit back at republican bullies in the process. the president held his first new conference since winning the president once again pipts the first time he's faced the news media without the worry or pressure for reelection. president obama is staying in constant communication with the american public as he makes it clear the country cannot afford to extend the bush tax cuts for the wealthy. >> this shouldn't be a surprise to anybody. if there was one thing that everybody understood was a big difference between myself and mr. romney, it was when it comes to how we reduce our deficit, i argued for a balanced responsible approach and part of that included making sure the wealth yet americans pay a little bit more. >> the president's plan with this whole game, with all the card out in the open and on the table. you nome what, think about this, the president could have said i don't want to do that, i think i'm going to cave
thanks for watching. absence of arrogance. president obama continued his fight for the middle class today and hit back at republican bullies in the process. the president held his first new conference since winning the president once again pipts the first time he's faced the news media without the worry or pressure for reelection. president obama is staying in constant communication with the american public as he makes it clear the country cannot afford to extend the bush tax cuts for the...
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thank you. >> sandy victims still now left in the dark. >> why did they forget us? why are we not part of the community that's getting the lights and we're still here and we're freezing now. >> here still paying for electricity, but they aren't even receiving it. mitt romney says president obama won because he promised gifts to key groups. the republican party isn't standing by romney's remarks. cnn newsroom, and it's all happening right now. consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs. and now trade up to get a 2012 chevy silverado all-star edition with a total value of $9,000. from outstanding value to standing the test of time, chevy runs deep. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping milli
thank you. >> sandy victims still now left in the dark. >> why did they forget us? why are we not part of the community that's getting the lights and we're still here and we're freezing now. >> here still paying for electricity, but they aren't even receiving it. mitt romney says president obama won because he promised gifts to key groups. the republican party isn't standing by romney's remarks. cnn newsroom, and it's all happening right now. consider the silverado 1500 --...
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to be surprised that obama won. is the market waking up and realizing he was reelected? >> i think it was less of a surprise but a dose of reality hitting. i think the pundits had it going a lot of different ways. but the real question is what happens next and that's what's got the markets scared. which is the fiscal cliff and the long term stability of the ability of people to work together. >> it seems like the conventional wisdom, mostle polls showed the president would win, most of the pundits from the state up level suggested that. i would have said that's going to happen and we'll be right back to the fiscal cliff problem. it seems like could you have gain this had out on the monday before if not a week earlier. >> i think most of us who look at long terp trends say what does it mean not for the next couple of months because that's the real news story, but the real investment story is what does this mean two, three, five years down the road. you're looking at interest rates at an all-time low and that's not be
to be surprised that obama won. is the market waking up and realizing he was reelected? >> i think it was less of a surprise but a dose of reality hitting. i think the pundits had it going a lot of different ways. but the real question is what happens next and that's what's got the markets scared. which is the fiscal cliff and the long term stability of the ability of people to work together. >> it seems like the conventional wisdom, mostle polls showed the president would win, most...
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thanks for staying with us tonight. president obama wasn't the only one speaking out today. the mr. mitt romney held a conference call with his high-dollar donors. romney seemed to double down on his 47% comments. romney said the president won by following the old playbook and giving gifts to, quote, the african-american community, the hispanic community, and young people. the former candidate went on to say this. "with regards to the young people, for instance, a forgiveness of college loan interest was a big gift. free contraceptives were very big with young college-aged women. and then finally, obama care also made a difference for them because, as you know, anybody now 26 years of age and younger was now going to be part of their parent's plan, and that was a big gift too to young people." for more, let's turn to john nichols, washington correspondent of "the nation" magazine and author of the book "uprising." it doesn't sound like mitt romney has learned anything in the last week. >> the interesting thing is that back in october, when he was really getting a hard time for the 4
thanks for staying with us tonight. president obama wasn't the only one speaking out today. the mr. mitt romney held a conference call with his high-dollar donors. romney seemed to double down on his 47% comments. romney said the president won by following the old playbook and giving gifts to, quote, the african-american community, the hispanic community, and young people. the former candidate went on to say this. "with regards to the young people, for instance, a forgiveness of college...
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thanks for joining me tonight. >> thanks for having me. >> abby, the romney campaign put out a statement today saying, "governor romney was simply elaborating on what david axelrod had said about the obama campaign's effort to target key demographics, most specifically women." what's your reaction to that statement? >> well, reverend, i'm still waiting for my fruit basket. i'm not only a woman but i'm a young voter. i never received one. i think what we're seeing here -- >> it's coming, abby. it's coming. >> what we're seeing here, and david corn will probably say the same thing, is just a confirmation that he really does believe that 47% comment. he's very much at home when he's talking to his donors. and moreover, i think when we're talking about this so-called gift, when you give someone a gift you do it because you want to give it to them, not because they necessarily need, it not because they necessarily deserve it. so to suggest that by obama providing medicare to americans, to say that it's the same thing as passing out fruit baskets is not only inaccurate, i think it's offensive
thanks for joining me tonight. >> thanks for having me. >> abby, the romney campaign put out a statement today saying, "governor romney was simply elaborating on what david axelrod had said about the obama campaign's effort to target key demographics, most specifically women." what's your reaction to that statement? >> well, reverend, i'm still waiting for my fruit basket. i'm not only a woman but i'm a young voter. i never received one. i think what we're seeing...
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. > > thank you. president obama has set the pace for tomorrow's meeting with congressional leaders. in a news conference yesterday the president reiterated the need to raise taxes on the wealthy while continuing tax breaks for the middle class. the president wants to bring in $1.6 trillion in new revenue. the president made the comments yesterday, at his first news conference since his re-election. "as i've said before, i'm open to compromise and i'm open to new ideas. and i've been encouraged over the past week to hear republican after republican agree on the need for more revenue from the wealthiest americans as part of our arithmatic if we're going to be serious about reducing the deficit." last week, house speaker john boehner said that congress has ways to avert the fiscal crisis, but rewriting the tax code in two or three weeks is not one of them. lawmakers have until midnight on new year's eve to reach an agreement. the first round of meetings begins today. hurricane sandy's power-packed winds
. > > thank you. president obama has set the pace for tomorrow's meeting with congressional leaders. in a news conference yesterday the president reiterated the need to raise taxes on the wealthy while continuing tax breaks for the middle class. the president wants to bring in $1.6 trillion in new revenue. the president made the comments yesterday, at his first news conference since his re-election. "as i've said before, i'm open to compromise and i'm open to new ideas. and i've been...
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thank you very much, everybody. >> all right. president barack obama there on staten island. the second visit to the region after superstorm sandy reiter e reiterating that the federal government will be there in the complete rebuilding of this region devastated by that storm. there he is with the governor of new york and also homeland security chief janet napolitano and senators chuck schumer also there as well as the new york city mayor michael bloomberg. you heard the president there also talking about poignant moment with the moore family and many people recall their two sons swept away and he talked about what's been a very emotional visit to the staten island area, but also a kind of reaffirms that resolve that the federal government will be there as best it can in the rebuilding process. our victor blackwell is there, also, in staten island outside of recovery center. so victor, give me an idea what the reception has been like for the president's second now visit, the first post-re-election there to staten island. >> reporter: well, i think the president today said wha
thank you very much, everybody. >> all right. president barack obama there on staten island. the second visit to the region after superstorm sandy reiter e reiterating that the federal government will be there in the complete rebuilding of this region devastated by that storm. there he is with the governor of new york and also homeland security chief janet napolitano and senators chuck schumer also there as well as the new york city mayor michael bloomberg. you heard the president there...
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president obama ready to take off the gloves, if the republicans want to fight. the president clearly stating two key demands during his first news conference, ever since winning re-election. the first on taxes and the fiscal cliff. >> but what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford, and according to economists, will have the least positive impact on our economy. >> the president also making clear that he has susan rice's back. that's his ambassador, the embattled u.s. ambassador to the united nations. initially she said that that september 11th attack on the u.s. consulate in benghazi began as a spontaneous protest against an anti-islam film. well, now two top-ranking republicans are vowing to block her nomination if, in fact, she is picked to be the next secretary of state. that had the president very anger. here's what he said. >> if senator mccain and senator graham and others want to go after somebody, they should go after me. >> white house correspondent dan lothian is in washington, d.c., this morning. let
president obama ready to take off the gloves, if the republicans want to fight. the president clearly stating two key demands during his first news conference, ever since winning re-election. the first on taxes and the fiscal cliff. >> but what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford, and according to economists, will have the least positive impact on our economy. >> the president also making clear that he has susan rice's back....
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thank you for coming on. >> absolutely. gerri: president obama pushing his tax agenda. but who didn't earn a seat at the table? small busiss. big mistake, mr. president, that's what my next guest says. he is the president of the american business week. welcome to the show. it is great to have you here. i was shocked. we have all big fortune 5 companies going into that room. the missing players were walll street, and also small business. >> i would tell them that einstein says we can't solve problems by using the same kind of thinkin. obama went to big businesses a couple of years ago looking for solutions and couldn't find any. you are right. small businesses are responsible for 90% of the new jobs. the net new jobs. we need to look for infrastructure spending to support these businesses. i predict that president obama will try to dismantle the small business administration and help small businesses -- i would say within six months. as opposed to helping small businesses like he should be doing, i think he is going to harm small businesses. gerri: you think you'll be mi
thank you for coming on. >> absolutely. gerri: president obama pushing his tax agenda. but who didn't earn a seat at the table? small busiss. big mistake, mr. president, that's what my next guest says. he is the president of the american business week. welcome to the show. it is great to have you here. i was shocked. we have all big fortune 5 companies going into that room. the missing players were walll street, and also small business. >> i would tell them that einstein says we...
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thank you very much. other headlines on this thursday. in a couple hours, president obama is going to travel here to new york to look at the widespread destruction from monster storm sandy. there he is yesterday. going to head to staten island. a long island resident said his town was left in the dark every way possible. >> we had no police. the fire department was always around, but we had no information on what was going on. nothing. >> steve: who do you blame? >> everybody. the politicians in the local area. they didn't do a darn thing. we couldn't get telephone conversations. we couldn't make phone calls. the media is talking about manhattan and the overall picture, but not about us. we had nothing. >> steve: meanwhile, fema says it may need a bailout. a top fema executive says they expect losses. but their flood insurance program has less than $3 billion available in the kitty. >> gretchen: coming up, the battle over wisconsin's collective bargaining ban is far from overment the state is facing yet another lawsuit. governor scott wal
thank you very much. other headlines on this thursday. in a couple hours, president obama is going to travel here to new york to look at the widespread destruction from monster storm sandy. there he is yesterday. going to head to staten island. a long island resident said his town was left in the dark every way possible. >> we had no police. the fire department was always around, but we had no information on what was going on. nothing. >> steve: who do you blame? >> everybody....
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thank you both. >> thank you. jenna: president obama continues to seek a diplomatic solution to the nuclear standoff with iran. but some new reports now say our close ally in the middle east is not so sure about that. we have new details in saudi arabia's possible proxy war inside iran. >>> also the untold story in the aftermath of superstorm sandy. the destruction is still so shocking but so is the plan for cleanup. wait until you see where all the garbage is going. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more
thank you both. >> thank you. jenna: president obama continues to seek a diplomatic solution to the nuclear standoff with iran. but some new reports now say our close ally in the middle east is not so sure about that. we have new details in saudi arabia's possible proxy war inside iran. >>> also the untold story in the aftermath of superstorm sandy. the destruction is still so shocking but so is the plan for cleanup. wait until you see where all the garbage is going. try running...
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thanks, charlie. >> norah? >> also at his news conference president obama talked about the camethat led david pet president to resign as cia director. he called it just one episode in an extraordinary career. >> he did not meet the standards that he felt were necessary as director of cia with respect to this personal matter that he's now dealing with his family and with his wife. >> meanwhile there's a new focus on jill kelley the socialite housewife who sparked the gage and her ties to florida's mcdill air force base. boj is following that story in tampa. good morning. >> reporter: good morning. jill kelley was known for lavish parties at her home when she hosted tampa's elite including top military leaders. now she's holed up inside, within one week the life she spent more than a decade cultivating is slipping away. jill kelley and her husband scott who was seen last night outside their home for the first time since the scandal broke were at the top of tampa's social scene and jill worked hard to get them the
thanks, charlie. >> norah? >> also at his news conference president obama talked about the camethat led david pet president to resign as cia director. he called it just one episode in an extraordinary career. >> he did not meet the standards that he felt were necessary as director of cia with respect to this personal matter that he's now dealing with his family and with his wife. >> meanwhile there's a new focus on jill kelley the socialite housewife who sparked the gage...
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thank you. >> all right. >>> president obama got a firsthand look today at parts of new york that were hardest hit by superstorm sandy. thousands of new yorkers, yes, thousands of new yorkers still don't have power two and a half weeks after sandy hit. the storm is raising serious questions about the government's response, even bigger questions about weather patterns, at least for some. let's bring in our white house correspondent brianna keilar -- actually, brianna is not yet available i'm told. but we do expect to get her up soon. we'll speak to brianna keilar momentarily. we'll also have a quick check of some of the day's other top stories. that's coming up including mitt romney, did he hurt himself with gaffes during his presidential campaign? is he hurting the republican party right now with his latest comments, the louisiana governor, bobby jindal, he's standing by to join us live. (splashing)... (child screaming underwater)... (underwater noises). >>> we've reconnected with brianna keilar, our white house correspondent, brianna keilar, is watching what's going on in new york. ri
thank you. >> all right. >>> president obama got a firsthand look today at parts of new york that were hardest hit by superstorm sandy. thousands of new yorkers, yes, thousands of new yorkers still don't have power two and a half weeks after sandy hit. the storm is raising serious questions about the government's response, even bigger questions about weather patterns, at least for some. let's bring in our white house correspondent brianna keilar -- actually, brianna is not yet...
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. >> thank you very much for the update. >>> a defiant president obama making it clear he is ready to rumble with the republicans. the president drawing two big lines in the sand in his first news conference since winning re-election. first on taxes and the fiscal cliff. >> but what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford and, according to economists, will have the least positive impact on our economy. >> the president also coming to the defense of susan rice, the u.s. ambassador to the united nations, who just a few days after the attack as you recall said violence on the u.s. consulate in benghazi began as a spontaneous protest against an anti-islam film. two top-ranking republicans are vowing to block rice's nomination if she is picked to be the next secretary of state. the president firing back with a rare flash of anger. >> senator mccain and senator graham and others want to go after somebody, they should go after me. >> white house correspondent dan lothian, live from washington this morning. it's really nice to see you, dan. >>
. >> thank you very much for the update. >>> a defiant president obama making it clear he is ready to rumble with the republicans. the president drawing two big lines in the sand in his first news conference since winning re-election. first on taxes and the fiscal cliff. >> but what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford and, according to economists, will have the least positive impact on our economy. >> the president...
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thanks for coming on. >>> next, a look at the marriage gap and why president obama owes single men and women a big thanks. >>> but thirst, today's trivia question -- what is the largest number of states won by a losing candidate in a presidential election? tweet me the answer @chucktodddailyrundown. coming up. lists all done. raise the roof! no one says that anymore, mom. [ woman ] raise the roof! ah? raise the roof! [ male announcer ] it's our biggest toy rollback of the year. find hundreds of rollbacks on the season's hottest toys in stores now, from america's gift headquarters, walmart. and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting
thanks for coming on. >>> next, a look at the marriage gap and why president obama owes single men and women a big thanks. >>> but thirst, today's trivia question -- what is the largest number of states won by a losing candidate in a presidential election? tweet me the answer @chucktodddailyrundown. coming up. lists all done. raise the roof! no one says that anymore, mom. [ woman ] raise the roof! ah? raise the roof! [ male announcer ] it's our biggest toy rollback of the...
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. >> thank you very much, sharon at the new york merc. >>> president obama visiting storm ravaged areas of new york city this hour. it comes as we get the first pieces of data showing the business impact of super storm sandy. you guessed it -- it doesn't look good. >>> plus, a blockbuster auction for christie's. more than $400 million went under the hammer. we'll tell you about the big winners and the very interesting trend. ♪ ♪ ♪ [ male announcer ] 'tis the season to discover the kid in all of us. the memories that last, start with the gifts that last. ♪ enjoy free shipping and great values on your holiday shopping from l.l.bean. thank you, mr. speaker, uh, members of congress. enjoy free shipping and great values in celebration of over 75 years of our government employees insurance company, or geico...as most of you know members it.congress. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newscaster:breaking news. the gecko is demanding free pudding. and political parties that are actual parties!? with cake! and presents! ah, that was good. to
. >> thank you very much, sharon at the new york merc. >>> president obama visiting storm ravaged areas of new york city this hour. it comes as we get the first pieces of data showing the business impact of super storm sandy. you guessed it -- it doesn't look good. >>> plus, a blockbuster auction for christie's. more than $400 million went under the hammer. we'll tell you about the big winners and the very interesting trend. ♪ ♪ ♪ [ male announcer ] 'tis the season...
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mary, thank you. >> thanks, cheryl. dennis: president obama arriving in the new york area to survey sandy damage. in far rockaway, queens with details, liz? >> we saw the helicopters flying overhead 5-10 minutes ago, possibly surveying what's becoming new york city in the tristate area's biggest waste site for debris left over from 11 towns wrecked by superstorm sandy. more op that story later in the hour, delivers live updates throughout the day. back to you. dennis: thank you, liz. 163 u.s. mayors sent a letter urging congress to get the act together and avoid the fiscal cliff. they are in washington hammering the message home today. today, one from massachusetts joins us. mayor, who did you see today? what's the most important message to give them? >> well, it's time to break the gridlock down here. i hear back home and other mayors hear it all the time, they are critical decisions, and it's about the fabric of government. what are we going to pay? what services will we get for what we pay? that's the issues down her
mary, thank you. >> thanks, cheryl. dennis: president obama arriving in the new york area to survey sandy damage. in far rockaway, queens with details, liz? >> we saw the helicopters flying overhead 5-10 minutes ago, possibly surveying what's becoming new york city in the tristate area's biggest waste site for debris left over from 11 towns wrecked by superstorm sandy. more op that story later in the hour, delivers live updates throughout the day. back to you. dennis: thank you,...
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. >> thank you very much. >> the fourth annual washington ideas form is happening this week. topics include plastic selection of what to expect if president obama prepares for his second term. next, we are from massachusetts congressman, barney frank of the house financial services ranking member. from the museum, this is 20 minutes. >> congressman barney frank in his last term as congressman and enter by sorkin, do they too failed and the dealbreaker column in "the new york times" and on cnbc -- what is there? i watch it every day. and we have half of doctrine care. >> thank you and thank you for being here. there's about a hundred things for us to talk about them it is a very short amount of time. i want to get into issues related to wall street, but given the watercooler conversation seems to always be a blast from the 72 hours, jenna petraeus and this -- the real housewives of alabama. under the floor to tell us your thoughts. >> having for a long time argued that my sex life with some of the public's business, i extend the same courtesy to general petraeus and to general
. >> thank you very much. >> the fourth annual washington ideas form is happening this week. topics include plastic selection of what to expect if president obama prepares for his second term. next, we are from massachusetts congressman, barney frank of the house financial services ranking member. from the museum, this is 20 minutes. >> congressman barney frank in his last term as congressman and enter by sorkin, do they too failed and the dealbreaker column in "the new...
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take it, lisa. >> thank you john. same goes to you. the president's new healthcare reform is still facing hurdings as it goes into effect over the next year. with obama safely in the white house for another term, house republicans say they will no longer try to repeal the affordable care act. but they are putting some intense scrutiny on how those changes are taking place. the house ways and means committee is now issuing a subpoena for health and human services secretary kathleen sebelius. they're demanding to know how the agency is using taxpayer money to pay for p.r. and advertising campaigns. health and human services has signed at least two contracts. one of those worth $20 million. the house ways committee says americans deserve to know where their money is going. meanwhile, employer health insurance premiums just saw their lowest increase in the last 15 years. at the beginning of the decade, premiums were going up by 10% to 15% but this year, the increase was just 4%. now the bad news, this does not necessarily mean lower cost f
take it, lisa. >> thank you john. same goes to you. the president's new healthcare reform is still facing hurdings as it goes into effect over the next year. with obama safely in the white house for another term, house republicans say they will no longer try to repeal the affordable care act. but they are putting some intense scrutiny on how those changes are taking place. the house ways and means committee is now issuing a subpoena for health and human services secretary kathleen...
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gordon chang, thanks for bringing all of that to us and explaining it. >>> all right, president obama touring new york nabe hides -- neighborhoods devastated by superstorm sandy. that is next. let's take a look at some of today's winners and losers as we head out to break. the dow is down 20 points. petsmart is up. one of the s&p 500 winners up 3 1/2% and dollar tree up over 5%. we'll be right back. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting yo family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" ratingrom the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. the past the hour we have to che
gordon chang, thanks for bringing all of that to us and explaining it. >>> all right, president obama touring new york nabe hides -- neighborhoods devastated by superstorm sandy. that is next. let's take a look at some of today's winners and losers as we head out to break. the dow is down 20 points. petsmart is up. one of the s&p 500 winners up 3 1/2% and dollar tree up over 5%. we'll be right back. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created...
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. >> thank you, steve. >>> 19 minutes before #. happening now, president obama is on his way to the new york city area, which is still trying to recover from super storm sandy. you can see the president there walking across the tarmac, waving to people there. the president is about to fly to jfk airport in new york city. he's expected to get there in about an hour. flying directly out of air force one, and traveling to staten island, an area hit hard by the super storm sandy. the president plans to survey the damage from super storm sandy and the recent nor'easter, he will meet with families affected by the storms, like he did two weeks ago in new jersey, where these pictures are from. governor cuomo said he will ask for $30 billion in federal aid. and people are still without power after two and a half weeks. >>> the fda has reports of 13 deaths that could be linked to a caffeinated energy drink. the fda says there is no evidence linking five hour energy drinks to the deaths, but in each case, it is cited for possible involvement.
. >> thank you, steve. >>> 19 minutes before #. happening now, president obama is on his way to the new york city area, which is still trying to recover from super storm sandy. you can see the president there walking across the tarmac, waving to people there. the president is about to fly to jfk airport in new york city. he's expected to get there in about an hour. flying directly out of air force one, and traveling to staten island, an area hit hard by the super storm sandy. the...
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martha, thank you very much. >>> that question to president obama about ambassador rice came from jonathan karl, who joined in on the press conference. and joins us now with more. questions on all of the big issues. but much of the focus on that looming fiscal cliff january 1st. >> reporter: that's right, george. the president will meet with congressional leaders tomorrow. he used that press conference to lay out very bright lines on where he stands on taxes and the fiscal cliff. holding his first news conference since winning re-election, the president took a hard line on his bottom line. there will be no budget deal without raising taxes on the wealthy. >> when it comes to the top 2%, what i'm not going to do is to extend further a tax cut for folks who don't need it, which would cost close to $1 trillion. >> reporter: in his previous efforts to strike a so-called grand bargain with speaker of the house john boehner, the president proposed $800 billion in new tax revenues. but now, he is seeking twice that. $1.6 trillion in new taxes over the next ten years. that's a bitter pill for repu
martha, thank you very much. >>> that question to president obama about ambassador rice came from jonathan karl, who joined in on the press conference. and joins us now with more. questions on all of the big issues. but much of the focus on that looming fiscal cliff january 1st. >> reporter: that's right, george. the president will meet with congressional leaders tomorrow. he used that press conference to lay out very bright lines on where he stands on taxes and the fiscal cliff....